8131 Maddox StDallas, TX 75217

  • Retail properties
  • 1,144 SF
For Sale

Property Details for 8131 Maddox St

Year built
1946
Construction
FRAME
Lot size
0.23 AC
Property size (Sq ft)
1,144 SF
Zone code
Z239
Property type
Retail properties
Property subtype
Retail space
APN
567466000000
APU
567466000000

Description

This 1,418 square-foot vacant commercial property, located at 8131 Maddox St, Dallas, TX 75217, presents a compelling value-add investment opportunity. The single-story, 1946-built structure sits on a 0.23-acre lot and is classified as a Class D building with Planned Development zoning. Currently vacant, the property offers significant potential for redevelopment or repurposing. Its strategic location on Maddox Street, across from Pleasant Grove Stadium, ensures high visibility and traffic exposure, exceeding 30,000 vehicles daily. Convenient access to Loop 12 and proximity to US-175 further enhance its appeal. The property's versatility, stemming from its auto shop, flex, and storefront subtypes, allows for a range of uses. With an occupancy date of October 5, 2024, this property is ready for immediate action. The property's APN is 00000567466000000. This is a rare chance to acquire a well-positioned commercial property in a high-traffic area of Dallas County, Texas. The property is ideal for investors seeking a value-add project with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $311,527
    6.5%
    $287,564
    7%
    $267,023
  • Comparable approach

    Method
    Valuation
    Relative Method
    $354,725
    Geo Method
    $863,105
  • Alternative Use

    Use
    Valuation
    Residential
    $242,571
    Hospitality
    $222,194
    Educational
    $184,862
    Medical
    $191,220
    Retail
    $287,564
8131 Maddox St, Dallas, Texas

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.7331
Longitude
-96.6815
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,251
$40,000
$145,260
$185,260
-
$40,000
$145,260
$185,260

FAQs

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